At Clear Diamond Life we have perfected a strategy that does just that.

Most people are very familiar with the popular 401(k) where you are deferring taxes to some point in the future. When we take a close look at our ever increasing national debt we can safely assure ourselves that taxes are almost certain to be higher in the future than what they are today. With that being the case, would you not agree that the 401(k) is the most ingenious retirement plan that the government has ever created….FOR ITSELF?

Most people fail to realize that by deferring taxes to a future date, they are potentially giving up more of their nest egg at retirement than they already will be. Let’s assume that at retirement you have accumulated $1,000,000 in your 401(k). That looks like a pretty good number doesn’t it? But wait a minute. You still have to pay taxes on that amount. Using the current tax rate of 33%, your $1,000,000 nest egg just became $667,000. That’s correct…your friend, Uncle Sam, just took $333,000 of your hard earned dollars.

But what if the future tax rates are higher? Let’s say they are 40%. Now you have just lost an additional $67,000 to the government! We have no control over future tax rates but if you look at our tax rates historically, you can see they have been as high as 94%! Imagine that you are ready for retirement and our economy has essentially collapsed as it did in 19____. Your $1,000,000 nest egg is now a measly $60,000! Yep! You worked your whole life for Uncle Sam and not yourself.

While the likelihood of this happening again is slim, we must realize that it is a possibility. However, as previously stated, we can be almost certain that future tax rates need to be and most likely will be higher. So, if that is the case, why would you continue the present course you are on when there is a better alternative? I’ll tell you why. It’s what everyone else is doing and that’s what your company offers and promotes so without knowing there is a better alternative, you are doing what seems best for your future.

At Clear Diamond Life, one of our favorite phrases is..GOOD, BETTER, BEST. Never let it rest. Never let it rest until GOOD gets BETTER and BETTER gets BEST.

That’s how we can look at a 401(k). It is a GOOD start towards saving for retirement. A Roth IRA for example is BETTER but it comes with contribution limitations. But at Clear Diamond Life, we have uncovered the BEST way for you to acquire wealth without the fear of loss or future taxes as this strategy allows you to:

So, when we look at the 401(k), we like to remind you that all of the dogs barking up the same tree, doesn’t always make it the right tree. We invite you to watch these short informative videos to learn about the same strategy the wealthy have know about for decades.

We would love the opportunity to show you how this strategy works and how it can work for you and your family. Please visit our website at www.ClearDiamondLife.com/tax-free-retirement to learn more and to schedule an appointment so we can discuss your specific situation.